Banking & Finance
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336Nigeria’s Banking System Safe, Sound –CBN
Amid swirling concerns over the economy, the Central Bank of Nigeria (CBN) has offered firm reassurance on the health of the nation’s...
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319FX Market Tense as BDCs Race to Beat CBN Recapitalisation Deadline
As the Central Bank of Nigeria’s (CBN) June 3, 2025 recapitalisation deadline for Bureau De Change (BDC) operators draws near, tension is...
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249CBN Slashes FG Loans by Over ₦4tr
The Central Bank of Nigeria recorded a significant decline of N4.145tn in net loans and receivables in 2024, driven primarily by a...
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393CBN, CREDICORP Push for Nigeria Credit Reporting Overhaul Amid Loan Defaults
Nigeria’s financial regulators are pushing for a major shake-up of the nation’s credit reporting regime as concerns mount over the rising tide...
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279
CBN Unveils New Platform, Eyes $1b Monthly Diaspora Remittances
The Central Bank of Nigeria, in collaboration with the Nigeria Inter-Bank Settlement System, has launched the Non-Resident Bank Verification Number platform, an...
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214
CBN Cracks Down on Scammers Flaunting Fake Contracts, Warns Public
To protect Nigerians from financial fraud, the Central Bank of Nigeria (CBN) has issued a fresh advisory warning the public about the...
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209Nigeria Taps Additional $215m W’Bank Loan for Palliatives
The World Bank has disbursed additional funds to Nigeria under the $800m National Social Safety Net Programme-Scale Up, raising the total amount...
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235Nigeria Removed from List of Countries Indebted to IMF
International Monetary Fund (IMF) has removed Nigeria from its list of debtor-countries. In a report titled: ‘Total IMF Credit Outstanding – Movement...
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129Afreximbank to Fund African Energy Bank with $19b in Bid to Raise Oil Industry Capacity
The African Export Import Bank (Afreximbank) would be funding the African Energy Bank (AEB) to the tune of $19 billion to increase...
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221Naira Printing Costs Skyrocket by 306%
The Central Bank of Nigeria spent N315.18bn on currency issue expenses in 2024, marking a sharp increase of 306 per cent compared...
